Schumer to push for tax changes

U.S. Senator Chuck Schumer is pushing for a tax change that would incentivize New York businesses to bring jobs back from overseas.

The Schumer-backed bill would offer a 20 percent tax credit for businesses that bring outsourced jobs back to the U.S. and would close a loophole that has encouraged companies to ship jobs overseas.

Schumer’s bill would provide incentive to the 101 New York companies that have outsourced jobs over the past six years to bring those jobs back. In that time, more than 12,000 New York jobs have been sent abroad.